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Colt Announces Engagement of Euro Pacific Canada Inc.

MONTREAL, Dec. 6, 2013 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF)
announces today the engagement of Euro Pacific Canada Inc. ("Euro
Pacific") as agent in relation to the Canadian portion of the Senior
Note Financing previously announced by Colt on July 4, 2013 (the
"Offering"). Euro Pacific will be acting as the exclusive agent of the
Offering in Canada to offer up to US$5.0 million of securities on a
best efforts basis by way of private placement in the provinces of
Ontario, British Columbia, Alberta and Quebec, or such other
jurisdictions (exclusive of the United States) as Euro Pacific and the
Company may agree. A first closing of the Offering which resulted in
aggregate gross proceeds to the Company of US$2.5 million was completed
and press released on November 4, 2013.

In connection with the Canadian portion of the Offering, the Company has
agreed, subject to the approval of the TSX Venture Exchange (the
"Exchange"), to pay a commission equal to 6% of the gross proceeds of
the Offering in Canada and issue non-transferable broker warrants equal
to 6% of the gross proceeds of the Offering in Canada divided by the
volume weighted average price of the common shares of the Company on
the Exchange for a period of 30 days before their issuance. The broker
warrants will be exercisable by Euro Pacific for a period of three
years from the date of their issuance.

The net proceeds of the Offering will be used primarily to complete the
bankable feasibility studies on both the Company's Boa Fé gold and
Tabuaço tungsten projects, to complete the acquisition of surface
rights, fund infill drilling activities at both projects so as to
improve confidence in the resource. Proceeds will also be used to
finalize process design workand provide additional working capital to the Company.

The securities to be issued under the Offering will be subject to a
four-month hold period in accordance with applicable Canadian
securities laws.

About Colt Resources Inc.
Colt Resources Inc. (www.coltresources.com) is a Canadian mining exploration and development company engaged in
acquiring, exploring, and developing mineral properties with an
emphasis on gold and tungsten. It is currently focused on advanced
stage exploration projects in Portugal and securing advanced stage
mining projects.

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this
news release may contain "forward-looking information". Forward-looking
information and statements may include, among others, statements
regarding the future plans, costs, objectives or performance of Colt
Resources Inc. (the "Company"), or the assumptions underlying any of
the foregoing. In this news release, words such as "may", "would",
"could", "will", "likely", "believe", "expect", "anticipate", "intend",
"plan", "estimate" and similar words and the negative form thereof are
used to identify forward-looking statements. Forward-looking statements
should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether, or the times
at or by which, such future performance will be achieved.
Forward-looking statements and information are based on information
available at the time and/or management's good-faith belief with
respect to future events and are subject to known or unknown risks,
uncertainties, assumptions and other unpredictable factors, many of
which are beyond the Company's control. These risks, uncertainties and
assumptions include, but are not limited to, those described under
"Risk Factors" in the Company's annual information form available on
SEDAR at www.sedar.com and could cause actual events or results to differ materially from
those projected in any forward-looking statements. The Company does not
intend, nor does the Company undertake any obligation, to update or
revise any forward-looking information or statements contained in this
news release to reflect subsequent information, events or circumstances
or otherwise, except if required by applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release